Middle Eastern tensions endanger oil highways
Some of the most important routes for global oil trading are becoming uncertain, as tensions flare and security becomes shaky.

While pipelines are a major component of oil transportation within a country, they often have limited usefulness in international oil transportation. Major oil producers are often thousands of miles away from major demand centers, distances that typically make pipelines impractical. Instead, the majority of oil is shipped to customers.

Effective Rig Count up on reported rig counts EnerCom has released its latest Effective Rig Count, examining the state of drilling activity and the reported production from the major shale basins. The Effective Rig Count rose in October, reversing the past month’s decline. The Effective Rig Count is currently 2,780, up 14 from last month. This increase was entirely due[Read More…]